《高盛認股證牛熊證》平保急跌失守60元大關 資金趁低部署 留意高槓桿購25266、長期購22786,遠牛68148
正股表現:平保(2318)昨日跌約2.6%,今早繼續下挫。早上低開約2.6%後跌幅擴大,最低見58.55元,為過去4年新低。現報58.65元,跌約6.6%,為目前表現最差的恆指成分股。
在指中銀保監調查平保房地產相關投資消息傳出後,有報導引述平保回應,指不會評論無事實依據的市場傳言,及公司一直以來嚴格遵守監管的相關規定。
資金流向:觀察個股輪證資金流向,可見認購證於昨日獲資金轉向流入,而過去5個交易日計則共錄得約670萬元資金流入。
牛熊證方面,則見牛證亦於昨日獲資金轉向流入,有約110萬元,並集中在60至61元,即目前已被收回的產品。而熊證於昨日則繼續獲資金流入,有約30萬元,並較集中在76至77元收回區域的遠熊。
產品選擇:由於股價急跌,使部分價外認購證變得更價外,並不合適現況部署。不少投資者買入80元以上行使價的認購證,但該類產品的對沖值低,追蹤正股表現弱,會出現「股輪不同步」的情況。因此投資者在部署時需謹慎審視產品條款。
投資者如看好,認購證方面的高槓桿選擇可留意屬行使價60至75元間產品中,槓桿最高的平安購25266。長期選擇可留意屬貼價的低街貨平安購22786。牛證方面的遠牛選擇可留意平安牛68148,與現價有約8.7元收回距離。近牛選擇可留意平安牛51445,與現價有約3.7元收回距離。
平安購25266,行使價73.78元,2022年01月14日到期,實際槓桿10.2倍,行使價60至75元間產品中,槓桿最高
平安購22786,行使價70元,2023年02月16日到期,實際槓桿4.7倍,長期、貼價、低街貨
平安牛68148,收回價50元,行使價49.4元,換股比率100,槓桿比率6.4倍,近 元收回距離遠牛
平安牛51445,收回價55元,行使價54.4元,換股比率100,槓桿比率11.6倍,高槓桿近牛
投資者如看淡,可留意平安熊55286,與現價有約16.4元收回距離。
平安熊55286,收回價75元,行使價75.6元,換股比率100,槓桿比率3.2倍,相近收回價熊證中槓桿最高
註: 以上數據資料來自高盛認股證牛熊證網站https://www.gswarrants.com.hk/~
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